Broadcom Inc. $AVGO Shares Sold by Segment Wealth Management LLC

Segment Wealth Management LLC trimmed its position in shares of Broadcom Inc. (NASDAQ:AVGO) by 4.1% in the second quarter, Holdings Channel.com reports. The firm owned 189,272 shares of the semiconductor manufacturer’s stock after selling 8,131 shares during the period. Broadcom comprises approximately 3.3% of Segment Wealth Management LLC’s investment portfolio, making the stock its 3rd largest position. Segment Wealth Management LLC’s holdings in Broadcom were worth $52,173,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in AVGO. Brighton Jones LLC grew its holdings in Broadcom by 21.8% during the 4th quarter. Brighton Jones LLC now owns 29,683 shares of the semiconductor manufacturer’s stock valued at $6,882,000 after purchasing an additional 5,322 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Broadcom by 10.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 7,997 shares of the semiconductor manufacturer’s stock valued at $1,854,000 after purchasing an additional 756 shares in the last quarter. GAMMA Investing LLC grew its holdings in Broadcom by 9.2% during the 1st quarter. GAMMA Investing LLC now owns 103,184 shares of the semiconductor manufacturer’s stock valued at $17,276,000 after purchasing an additional 8,672 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its holdings in Broadcom by 1.4% during the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 96,877 shares of the semiconductor manufacturer’s stock valued at $16,220,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Petredis Investment Advisors LLC grew its holdings in Broadcom by 2.0% during the 1st quarter. Petredis Investment Advisors LLC now owns 60,162 shares of the semiconductor manufacturer’s stock valued at $10,073,000 after purchasing an additional 1,156 shares in the last quarter. 76.43% of the stock is owned by institutional investors and hedge funds.

Broadcom Trading Up 2.7%

NASDAQ AVGO opened at $345.50 on Thursday. Broadcom Inc. has a one year low of $138.10 and a one year high of $374.23. The company has a 50-day simple moving average of $320.89 and a 200-day simple moving average of $260.37. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.37 and a current ratio of 1.50. The firm has a market capitalization of $1.63 trillion, a PE ratio of 88.14, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20.

Broadcom (NASDAQ:AVGO) last posted its quarterly earnings results on Thursday, September 4th. The semiconductor manufacturer reported $1.69 EPS for the quarter, beating the consensus estimate of $1.66 by $0.03. The business had revenue of $15.95 billion during the quarter, compared to analyst estimates of $15.82 billion. Broadcom had a net margin of 31.59% and a return on equity of 36.60%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. Broadcom has set its Q4 2025 guidance at EPS. On average, equities analysts forecast that Broadcom Inc. will post 5.38 earnings per share for the current year.

Broadcom Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 22nd were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Monday, September 22nd. Broadcom’s payout ratio is presently 60.20%.

Analyst Ratings Changes

A number of research firms recently weighed in on AVGO. Citigroup raised their price target on shares of Broadcom from $315.00 to $350.00 and gave the company a “buy” rating in a report on Friday, September 5th. Rosenblatt Securities boosted their target price on shares of Broadcom from $340.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, September 5th. Arete Research raised shares of Broadcom to a “strong-buy” rating in a research report on Monday, July 28th. Oppenheimer reissued an “outperform” rating and issued a $360.00 target price (up previously from $325.00) on shares of Broadcom in a research report on Friday, September 5th. Finally, Hsbc Global Res raised shares of Broadcom from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $357.22.

Insider Activity

In other Broadcom news, insider Charlie B. Kawwas sold 3,893 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.82, for a total transaction of $1,354,063.26. Following the completion of the transaction, the insider directly owned 25,295 shares of the company’s stock, valued at $8,798,106.90. The trade was a 13.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kirsten M. Spears sold 7,498 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $347.66, for a total transaction of $2,606,754.68. Following the transaction, the chief financial officer directly owned 313,330 shares of the company’s stock, valued at $108,932,307.80. The trade was a 2.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders acquired 3,550 shares of company stock worth $1,227,869 and sold 666,071 shares worth $225,623,008. Company insiders own 2.00% of the company’s stock.

Broadcom Profile

Broadcom Inc designs, develops, and supplies various semiconductor devices with a focus on complex digital and mixed signal complementary metal oxide semiconductor based devices and analog III-V based products worldwide. The company operates in two segments, Semiconductor Solutions and Infrastructure Software.